219 AJBMR • Doi Publications
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  • The Effects of Globalization on Inflation in Selected OPEC Member Countries during 1998-2007
    â–ºAbdalali Monsef, Ahmad Googerdchian and Zohreh Alami Moghaddam

     10.52283/NSWRCA.AJBMR.20130304A01

    ABSTRACT
    Economists have considered globalization as one of effective factors on inflation in recent years. They believe that globalization reduces the role of domestic factors and increases the role of foreign factors. This research evaluates the impact of globalization on inflation in selected OPEC member countries included Iran for the period 1998-2007 and using modern panel data econometric techniques. Results of this research show that globalization and trade openness increase inflation considerably in these countries. Domestic output gap, political instability and GDP per worker as an indicator of development economic have not could affect on inflation significantly but foreign output gap have a weak and significant effect on inflation.
    Keywords: Globalization, Openness, Inflation, OPEC

    Pages:01-08 :: Download-View
 
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